The Kiwi (NZD/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.60114 which is a pullback support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 0.59730 which is a level that sits below a pullback support and the 38.2% Fibonacci retracement level. Take profit is...
After data release a 20 PIP bounce is expected. Stay profitable Have a Good weekend CAFE CITY STUDIO 2024
The New Zealand dollar is sharply lower on Thursday. In the North American session, NZD/USD is trading at 0.5943, down 1.27% on the day. The US dollar has strengthened against the major currencies after today's inflation report and the New Zealand dollar has been hit particularly hard. On Friday, New Zealand releases the manufacturing index, which is expected to...
Analysis: Bullish Confluences In an upwards trend Retesting an area of significance In the fib retracement "golden zone" Upwards trendline touch Broadening ascending channel formed 5K long position increase for the NZD 2K short position decrease for the NZD Bearish Confluences The NZD is the 4th strongest major currency whereas the USD is the...
The Kiwi (NZDUSD) is falling towards a pullback support and could potentially reverse from here to bounce higher towards our take profit target. Entry: 0.59893 Why we like it: There is a pullback support that aligns close to the 38.2% Fibonacci retracement level Stop Loss: 0.59617 Why we like it: There is a pullback support that aligns close to the 50.0%...
NZDUSD is forming a false breakout and reversal pattern. There is an opportunity for a decline to 0.59000 TA on high timeframe: 1) False breakout of global range resistance 2) The market considers liquidity in the area of 0.59600 as a target TA on low timeframe: 1) A false breakdown in the "head and shoulders" format is formed 2) Price starts realization of...
Fancy selling into uncertainty? This could be a scenario for the NZD/USD in the lead up to the election in New Zealand which is way too close to call for either major political party right now (Labour vs National). Voting has been open all week and closes October 14, with the winner called the same day (but after the close of this trading week). Polls have the...
This morning, as the NZD/USD chart shows, one USD was worth 0.605 New Zealand dollar, for the first time since August 10. The strengthening of NZD was facilitated by: → rumours that China is planning a major stimulus package to boost the economy amid the real estate crisis. And the Australian and New Zealand dollars, as one can see, are showing growth against...
NZDUSD reached a solid horizontal resistance. Approaching that, the price formed a rising wedge and a double top patterns on an hourly time frame. Both the neckline and a support of the wedge were broken. It is an important sign of strength of the bears and a local change of a character. I anticipate a retracement to 0.600 / 0.599 ❤️Please, support my work...
AUD/USD and NZD/USD rally on Monday, bolstered by broad-based U.S. dollar weakness The greenback’s pullback appears to be driven by profit-taking after a strong bullish run since mid-July Looking ahead, the U.S. inflation report for August, to be released on Wednesday, will be the main focus of the currency markets
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
NZDUSD - Classic bearish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Short NZDUSD Entry - 0.6023 Sl - 0.6056 Tp - 0.5960 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Hey Traders, in today's trading session we are monitoring NZDUSD for a buying opportunity around 0.59700 zone, NZDUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.59700 support and resistance area. Trade safe, Joe.
NZDUSD is approaching resistance within consolidation. After a false breakdown a signal is formed that the level may be broken on retest. Target 0.60500 TA on high timeframe: 1) We do not see a fall after the support breakout 2) Buyers are holding back the price and may return to the global range 3) market is interested in 0.60500 area due to imbalance TA on the...
A short trade opportunity recently presented itself on the kiwi-dollar trading chart 📉. This is indicated by the bearish engulfing candlestick 🕯️ pattern just on the 0.60210 horizontal resistance level. This indicates a false breakout (fakeout) of the same level, with potential price move in the downward 👇 ⬇️ direction. Sufficient downward momentum should see...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.5982, which is an overlap resistance aligning with 61.8% FIbo retracement. Our take profit will be at 0.5895, a multi-swing low support level. The stop loss will be placed at 0.6037, above the swing-high resistance level. High Risk Investment Warning Trading...